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Side-by-side financial comparison of Confluent, Inc. (CFLT) and ROGERS CORP (ROG). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $200.5M, roughly 1.6× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -25.2%, a 27.4% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs 5.2%). Confluent, Inc. produced more free cash flow last quarter ($41.7M vs $1.1M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs -3.3%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
CFLT vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $200.5M |
| Net Profit | $-79.2M | $4.5M |
| Gross Margin | 74.7% | 32.2% |
| Operating Margin | -31.5% | — |
| Net Margin | -25.2% | 2.2% |
| Revenue YoY | 20.5% | 5.2% |
| Net Profit YoY | 10.0% | 421.4% |
| EPS (diluted) | $-0.23 | $0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $314.8M | $201.5M | ||
| Q3 25 | $298.5M | $216.0M | ||
| Q2 25 | $282.3M | $202.8M | ||
| Q1 25 | $271.1M | $190.5M | ||
| Q4 24 | $261.2M | $192.2M | ||
| Q3 24 | $250.2M | $210.3M | ||
| Q2 24 | $235.0M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-79.2M | $4.6M | ||
| Q3 25 | $-66.5M | $8.6M | ||
| Q2 25 | $-82.0M | $-73.6M | ||
| Q1 25 | $-67.6M | $-1.4M | ||
| Q4 24 | $-88.1M | $-500.0K | ||
| Q3 24 | $-74.1M | $10.7M | ||
| Q2 24 | $-89.9M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 74.7% | 31.5% | ||
| Q3 25 | 74.2% | 33.5% | ||
| Q2 25 | 73.7% | 31.6% | ||
| Q1 25 | 74.5% | 29.9% | ||
| Q4 24 | 74.1% | 32.1% | ||
| Q3 24 | 74.5% | 35.2% | ||
| Q2 24 | 72.3% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | -31.5% | 3.5% | ||
| Q3 25 | -27.9% | 7.3% | ||
| Q2 25 | -34.2% | -33.3% | ||
| Q1 25 | -37.3% | -0.2% | ||
| Q4 24 | -40.5% | -6.6% | ||
| Q3 24 | -37.4% | 6.9% | ||
| Q2 24 | -46.1% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -25.2% | 2.3% | ||
| Q3 25 | -22.3% | 4.0% | ||
| Q2 25 | -29.0% | -36.3% | ||
| Q1 25 | -24.9% | -0.7% | ||
| Q4 24 | -33.7% | -0.3% | ||
| Q3 24 | -29.6% | 5.1% | ||
| Q2 24 | -38.3% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-0.23 | $0.20 | ||
| Q3 25 | $-0.19 | $0.48 | ||
| Q2 25 | $-0.24 | $-4.00 | ||
| Q1 25 | $-0.20 | $-0.08 | ||
| Q4 24 | $-0.26 | $-0.04 | ||
| Q3 24 | $-0.23 | $0.58 | ||
| Q2 24 | $-0.28 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $347.2M | $195.8M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.2B | $1.2B |
| Total Assets | $3.0B | $1.4B |
| Debt / EquityLower = less leverage | 0.94× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $347.2M | $197.0M | ||
| Q3 25 | $298.5M | $167.8M | ||
| Q2 25 | $295.6M | $157.2M | ||
| Q1 25 | $278.6M | $175.6M | ||
| Q4 24 | $386.0M | $159.8M | ||
| Q3 24 | $322.6M | $146.4M | ||
| Q2 24 | $311.3M | $119.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $961.2M | $1.3B | ||
| Q3 24 | $934.3M | $1.3B | ||
| Q2 24 | $873.9M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $3.0B | $1.4B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.8B | $1.5B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $2.7B | $1.5B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $2.5B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.1M | $5.8M |
| Free Cash FlowOCF − Capex | $41.7M | $1.1M |
| FCF MarginFCF / Revenue | 13.2% | 0.5% |
| Capex IntensityCapex / Revenue | 0.1% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $42.1M | $46.9M | ||
| Q3 25 | $30.8M | $28.9M | ||
| Q2 25 | $18.1M | $13.7M | ||
| Q1 25 | $-26.8M | $11.7M | ||
| Q4 24 | $35.2M | $33.7M | ||
| Q3 24 | $15.6M | $42.4M | ||
| Q2 24 | $8.6M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $41.7M | $42.2M | ||
| Q3 25 | $30.0M | $21.2M | ||
| Q2 25 | $17.2M | $5.6M | ||
| Q1 25 | $-28.2M | $2.1M | ||
| Q4 24 | $34.5M | $18.3M | ||
| Q3 24 | $15.0M | $25.2M | ||
| Q2 24 | $7.5M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 13.2% | 20.9% | ||
| Q3 25 | 10.0% | 9.8% | ||
| Q2 25 | 6.1% | 2.8% | ||
| Q1 25 | -10.4% | 1.1% | ||
| Q4 24 | 13.2% | 9.5% | ||
| Q3 24 | 6.0% | 12.0% | ||
| Q2 24 | 3.2% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 0.1% | 2.3% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 0.3% | 4.0% | ||
| Q1 25 | 0.5% | 5.0% | ||
| Q4 24 | 0.3% | 8.0% | ||
| Q3 24 | 0.2% | 8.2% | ||
| Q2 24 | 0.5% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
ROG
Segment breakdown not available.
